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The Central Bank of Indonesia decided to raise the key rate by 25 basis points to 5.75% the day after the Federal Reserve had raised the rate. Since mid-May this is the fifth rate increase in Indonesia. During this period, the rate increased by 150 basis points. After the decision of the Bank of Indonesia, the national currency of the country fell slightly. On Thursday, the rupee was trading near the lows since the Asian financial crisis of 1997-1998. Head of the Central Bank Perry Warjiyo said that the Indonesian regulator would pursue a policy aimed at strengthening the national currency.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
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